Gst input
This query is : Resolved
28 April 2018
Dear
Can we take any service or expenses which we have received or buy inputs
Can we take any service or expenses which we have received or buy inputs
29 April 2018
Normally Yes... But, It's based on business nature...
Also elaborate Your query with some details.
13 May 2018
Section 16(1) of the CGST Act provides that a registered person shall be entitled to take Input tax credit of input tax charged on supply of goods and/or services which are used in the course of business.
However, Section 17(5) provides that ITC will not be available in respect of certain goods/ services such as motor vehicle, food and beverage, membership, rent-a-cab, etc.
So you can avail ITC on expenses accordingly.
However, Section 17(5) provides that ITC will not be available in respect of certain goods/ services such as motor vehicle, food and beverage, membership, rent-a-cab, etc.
So you can avail ITC on expenses accordingly.
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